New Decisions Clarify Small Business Minority Shareholder Protections
By: Damien C. Specht, James A. Tucker and Victoria Dalcourt Angle
One of the easiest small business affiliation rules to apply is that a person that owns “50 percent or more of a concern’s voting stock. .. controls or has the power to control the concern.” 13 C.F.R. § 121.103(c)(1). It is far more difficult, however,
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